Jaipur: Pradip Kumar Das, Chairman & Managing Director of Indian Renewable Energy Development Agency Ltd. (IREDA), underscored the growing momentum of India’s renewable energy sector during a panel discussion at The Economic Times Rajasthan Business Summit 2025, held at the Marriott Hotel in Jaipur.
Speaking on the theme “Green Transition – Innovative Development and Financial Models for Renewable Energy,” Mr. Das emphasized that India has firmly entered the acceleration phase of its green transition, with renewable energy (RE) capacity crossing 237 GW by July 2025, and non-fossil sources now accounting for 50% of the country’s installed power capacity.
Renewables Now a Mainstream Growth Sector
CMD Das highlighted a decisive shift in capital flows, both global and domestic, noting that renewables are now viewed as a mainstream growth opportunity. He cited:
- Oversubscribed IPOs
- Increased retail investor participation
- A 2.5× surge in FDI inflows over the past three years
These trends, he said, reflect growing investor confidence in India’s clean energy story and underline the need to sustain this momentum through tailored, innovative financing models and faster credit appraisal processes.
Path to 2030: 485 GW Target in Sight
Mr. Das also stressed the urgency of adding 50 GW of RE capacity annually to meet India’s ambitious 485 GW renewable energy target by 2030. He pointed to the success of over 60 unique developers winning utility-scale tenders in FY25, reflecting increasing market depth.
To stay on track, he called for:
- Robust domestic manufacturing
- Timely grid infrastructure expansion
- Close collaboration among PSUs, industry, investors, and government bodies
Focus on Rajasthan’s Clean Energy Potential
Mr. Das later joined a high-level roundtable discussion on “Powering the Future: Investment and Financing Pathways for Renewable Energy in Rajasthan,” chaired by Hon’ble Chief Minister Mr. Bhajan Lal Sharma. The session explored PSU-led strategies to de-risk renewable projects and accelerate clean energy deployment across the state.
IREDA’s leadership presence at the summit signals strong institutional support for India’s clean energy goals and highlights the agency’s role in crafting financing models that can scale the country’s renewable transition. As CMD Das emphasized, the success of India’s green journey hinges not just on policy and infrastructure, but also on financial innovation and collaborative execution.
About IREDA
Indian Renewable Energy Development Agency Ltd. (IREDA) is a Public Sector Undertaking (PSU) under the Ministry of New and Renewable Energy (MNRE). Established in 1987, IREDA serves as the country’s leading financial institution dedicated to renewable energy, having financed over 3,100 clean energy projects. With its recent Navratna status, IREDA continues to power India’s transition to a sustainable and self-reliant energy future.
